Datadog jumps 5.9% after Wedbush assigns Outperform rating

Shares of cloud monitoring platform Datadog jumped 5.9% in the afternoon session after Wedbush initiated coverage of the company with an Outperform rating, according to TipRanks. The rating indicates the brokerage expects the stock to outperform the broader market and software peers over the coming months.

The advance extends a pre-earnings rally as investors position ahead of the upcoming quarterly report. The move follows a 4.5% gain four days earlier, which was driven by lower bond yields and easing geopolitical tensions ahead of a U.S.–China summit. At the time, the benchmark 10-year Treasury yield dropped roughly 3 basis points to 4.97%.

Datadog shares display significant volatility, recording 39 moves greater than 5% over the past year. The stock is up 103% year to date. Trading at $272.06 per share, Datadog sits close to its 52-week high of $288.15 reached in August 2026. An investment of $1,000 made five years ago would currently be valued at $1,916.